On May 27, 2025, the SOL/USD 4-hour chart created an ascending triangle pattern. An ascending triangle forms when a horizontal resistance line meets a rising support trendline, often indicating a possible bullish breakout.
If this pattern confirms, the price can rally by 48% from the current level of $174.81 to approximately $258.73. The breakout target is based on the height of the triangle added to the resistance level near $175.
The 50-period Exponential Moving Average (EMA), currently at $174.06, acts as dynamic support and sits just below the price. This positioning adds strength to the support zone.
The Relative Strength Index (RSI), which measures momentum, stands at 49.36—slightly below the neutral level of 50. The RSI line and its 14-period moving average remain flat, indicating indecision and the potential for a strong move if the breakout confirms.
Volume remains steady, around 42,360, which supports the consolidation. However, confirmation requires a 4-hour close above the red resistance line, accompanied by a clear volume spike.
Until then, the ascending triangle holds, with buyers pressuring resistance and sellers gradually losing ground.
Hackers Leak Solana Co-Founder’s Private Data Through Migos’ Instagram Account
Meanwhile, on May 27, 2025, hackers leaked private data belonging to Solana co-founder Raj Gokal by hijacking rapper Migos’ Instagram account. The attackers uploaded what appeared to be Gokal’s passport and Know Your Customer (KYC) documents, alongside personal information related to his family. The post, which included the caption “You should have paid 40 BTC,” remained live for nearly an hour before Instagram took it down.
A week earlier, Gokal had publicly warned that unknown individuals were attempting to gain access to his Google, Apple, and social media accounts. The extortion attempt reportedly demanded 40 Bitcoin (BTC) in exchange for not publishing the stolen materials.
Blockchain investigator ZachXBT stated on X that Gokal’s personal accounts were likely compromised through social engineering. According to his post, the attackers used the obtained personal data in an extortion campaign. After Gokal allegedly refused to pay, they escalated the incident by leaking the information through a high-profile celebrity account.
The leaked content included images of Gokal and his wife’s passports, driver’s licenses, phone numbers, and what appeared to be KYC-submitted photographs.
Coinbase Confirms Unrelated Breach Affecting 69,000+ Users
In a separate incident, Coinbase confirmed a long-term data breach that exposed sensitive information of 69,461 users. According to a recent regulatory filing, the unauthorized access began on December 26, 2024, and continued for several months. The compromised data reportedly includes both personal and financial details.
Coinbase stated that less than 1% of its monthly transacting users were affected. However, the disclosure triggered a class action lawsuit. Plaintiffs allege the company delayed informing shareholders about the breach, contributing to a drop in Coinbase stock prices.
Both incidents underscore growing risks around digital identity exposure and platform security in the cryptocurrency space.
Solana Launches New Identity Tool for DeFi KYC and User Verification
On May 23, 2025, the Solana Foundation introduced the Solana Attestation Service (SAS), a decentralized identity verification protocol that aims to simplify compliance across the network. The tool allows decentralized applications to verify off-chain data such as Know Your Customer (KYC) checks and user accreditation without storing or handling sensitive user information.
SAS introduces cryptographically signed credentials that users can reuse across platforms. Once verified, a user does not need to repeat onboarding steps when switching between applications. This makes verification faster and more secure. The Solana Foundation stated that SAS supports compliance efforts, access control, reputation scoring, and programmable identity functions across its ecosystem.
The protocol removes the need for developers to create and maintain their own identity systems, significantly lowering the effort required to integrate compliance into decentralized products. According to the Foundation, SAS applies to several use cases, including regulatory compliance for decentralized finance, identity-based access in blockchain gaming, and Sybil attack resistance in decentralized autonomous organizations. It can also verify user location for connected devices and support region-based restrictions or reputation-based permissions.
Solana Identity Group Launches SAS as Institutional Adoption Accelerates
The Solana Identity Group, which includes Civic, Solana.ID, Solid, Trusta Labs, and the Solana Foundation itself, launched SAS as its first product. This group aims to develop identity tools that preserve privacy and meet the demands of Web3 environments.
Nzube Ezido, country lead for Solana Superteam NG, called SAS a major milestone for the network’s infrastructure. He said the protocol could become essential for maintaining trust between off-chain and on-chain systems, especially as Solana gains relevance in capital markets and real-world asset integration.
Institutional interest in Solana has increased in recent months due to its low transaction fees and high-speed infrastructure. Blockchain firm R3, which manages over $10 billion in assets on its Corda platform, is now working with Solana to onboard clients such as HSBC and other major financial institutions. At the same time, U.S.-based crypto exchange Kraken confirmed plans to use Solana’s network to offer international trading of U.S.-listed stocks.
These developments point to Solana’s expanding role in bridging traditional finance with blockchain infrastructure. The launch of SAS further strengthens its position as a core component in that transformation.
